Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%BNB287.900.44%USDC1.000.01%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Japanese political party visits China to bolster frayed ties

Printed Chinese and Japanese flags
Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/... Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration REFILE - CORRECTING YEAR
Printed Chinese and Japanese flags
Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/... Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration REFILE - CORRECTING YEAR

Listen to the article now

A Japanese political party visits China to bolster frayed ties. The junior coalition partner of Japan’s ruling Liberal Democratic Party (LDP) has dispatched a team to Beijing to restore relations between the two countries. This trip, initially scheduled for the summer but postponed due to tensions between Asia’s two largest economies, occurred earlier this week.

On Wednesday, Natsuo Yamaguchi led a delegation from the Komeito party to meet with Cai Qi, the head of the powerful Secretariat of the Communist Party of China’s (CPC) Central Committee, which runs the CPC’s daily operations.

Cai was reportedly overheard advising the Japanese delegation that the ruling parties of both nations should “accurately grasp each other’s development and strategic intentions.” The Chinese official media reported this statement.

Cai, who is also the fifth-ranking member of the Communist Party of China’s (CPC) Politburo Standing Committee, the top tier of political power in China under President Xi Jinping, stated that both sides should work together to advance a “positive” and “friendly” mutual understanding.

The visit took place just after Xi had a rare face-to-face conversation with Japanese Prime Minister Fumio Kishida, also the LDP leader. The conversation occurred on the sidelines of an Asia-Pacific Economic Cooperation (APEC) conference in the United States last week, during which both parties reaffirmed their commitment to maintaining a close strategic alliance.

The two Asian neighbors have come into conflict over a variety of topics, including Japan’s dumping of treated radioactive water into the ocean, maritime territorial claims, the incarceration of Japanese citizens, Taiwan, and export limits, which have resulted in strained bilateral relations.

In a study of Japanese companies that already have operations in China, issued on Tuesday, the number of companies wanting to grow in the country dipped below 30% for the first time. This is a reflection of the tense relations that exist between the two countries.


Comment Template

You May Also Like

Business

Starting in 2024, the IRS will lower the Form 1099-K reporting threshold to $5,000 for business transactions via payment platforms like PayPal and Venmo....

Business

The stock market saw major premarket moves on February 14, 2025. Roku and Airbnb surged on strong earnings, while Moderna and Informatica fell on...

Business

Warren Buffett’s Berkshire Hathaway trimmed its stake in DaVita amid a weaker 2025 outlook, causing an 8% stock decline. Rising costs and dialysis center...

Business

Stock futures dipped amid new trade policy shifts from President Trump, while GameStop surged on crypto investment speculation. Major retailers scaled back DEI commitments,...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok